SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 05
MCX SILVER DEC 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Closing Bell: Nifty, Sensex pare losses; financials, metals drag

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Rupee slumps 16 paise to 72.99 against US dollar in early trade

Expect a bounce back for Indian market if there is stability in US markets, says market expert SP Tulsian

Updated : March 23, 2020 05:51 PM IST

The drastic fall seen in the Indian equity markets today is disproportional to the global markets and could be the combined effect of our positive bias seen on Friday, where Nifty was up 5-6 percent and post that a big fall in US market, said market expert SP Tulsian of sptulsian.com.

Tulsian further added that if there is stability in the US market, the Indian market will also bounce back. “I am quite confident that once stability is seen coming back in the US market, we will also be bouncing back. If things peak out in the US in next 4-5 days, then probably we will see the stability coming back in our market also, maybe with a 5-7 percent rise seen on the index level in a day,” he said.

However, Tulsian does not expect the financials to recover soon. “I have been cautioning for the last one week because still people are unaware of the RBI measures or the kind of defaults which are going to be seen. I will not call it as default, but at least the installments and payments are likely to get delayed,” he said.

Published : March 23, 2020 05:51 PM IST

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